The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year,

The U.S. central bank will "have work to do" if policymakers are not confident that ​underlying inflation is returning to its 2% target, Federal Reserve Chairman Kevin Warsh said on Friday in remarks that acknowledged financial conditions do not ‌appear restrictive and marked the closest he has come to acknowledging interest rate hikes may be needed to ease price pressures.

In his first speech as Fed chairman, Kevin Warsh signaled that inflation trends are not improving. Short-term Treasury yields moved higher as his comments were taken as a sign that interest rates could rise.

In his first high-profile speech at the Fed’s annual conference at Jackson Hole, Wyoming, Warsh acknowledged that recent U.S. data show inflation has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved.

On August 28th, the American president declared what he called “the biggest oil deal in world history”, an agreement he said would give America “majority control” of more than 65bn barrels of Venezuelan crude: around one fifth of the country’s vast proven reserves.

President Donald Trump says the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves

President Donald Trump says Venezuela has agreed to give the U.S. majority of control of more than 65 billion barrels of proven oil reserves in the South American country. The agreement would more than double U.

President Donald Trump said the United States has joined a pact with Venezuela that will give U.S. control of over 65 billion barrels of oil.

Here are some of the stocks making notable moves in Friday's premarket action: Marvell Technology's stock tumbled 8% as despite the semiconductor company [raising its revenue](

Marvell Technology stock (NASDAQ: MRVL) sank nearly 8% in Friday premarket trading as investors looked past another solid quarter and focused instead on when its enormous Google AI-chip opportunity will materially lift revenue.

Strategists at a number of banks noted that investors’ eyes were firmly on news about the company’s recent partnership with Alphabet’s Google, with expectations ultimately left unmet.

The decision to boost guidance was driven by growth in the semiconductor company’s data-center business, Chief Executive Officer Matt Murphy said.

Iranian leaders are acknowledging the economic ⁠toll ⁠of war with the United States, with the ⁠supreme leader calling on the government to address the hardship while the president reported foreign trade has shrunk ​35% due to the American sanctions and blockade.

Iran’s economy is poised for more instability as the Trump administration tries to coerce other countries into ending all financial dealings with the Islamic Republic

It would be “the single greatest financial offensive ever marshalled against an adversary”, declared Scott Bessent, America’s treasury secretary. Having failed to fell the Iranian regime with military might,

Iran condemned the United States’ new economic sanctions today as “state terrorism” while its supreme leader said he was banning acts that could harm “social cohesion” amid concern that more financial pain could spark unrest at home.

President Donald Trump says the U.S. can no longer absorb massive trade losses with Canada, dismissing concerns that the tariff fight could drive up costs for Americans ahead of the midterms.

President Donald Trump apparently believes a trade war with America’s second-largest trading partner will be good for Americans’ wallets. Asked Thursday by a reporter what he’d tell Americans who worry his trade dispute with Canada will make things less affordable,

Canada is the number one customer for 27 U.S. states' exports. CBS News' Megan Cerullo breaks down what its retaliatory tariffs will mean amid President Trump's trade war. The Trump administration is rounding up federally protected wild horses and selling them for as little as $25 through a legal loophole that strips away their protections and can send them into the slaughter pipeline.

Canada fired back at President Trump’s 50% duty on $20 billion worth of goods, claiming to match his rates with counter-tariffs that will take effect on Sept. 8 and unveiling measures to provide

Outsize Social Security raises come with potentially serious consequences for America’s leading retirement program.

New estimates show the Social Security cost-of-living adjustment for 2027 may be up to 3.6%. Retirees may benefit from the boost even if they wait to claim.

Could the 2027 Social Security COLA approach the largest on record? Here's what retirees should know and watch for until it's officially announced in October.

If you're a retiree collecting Social Security benefits -- or you're just a Social Security enthusiast -- you're probably eagerly awaiting the announcement of the next cost-of-living adjustment (COLA) for Social Security benefits.